Why AAR (AIR) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- AAR (AIR) was falling 3.8% to $26.95 after-hours Tuesday after missing analysts' estimates for earnings and revenue in the fiscal first quarter.

For the fiscal first quarter the aviation support company reported earnings of 36 cents a share, missing the Capital IQ Consensus Estimate of 38 cents a share by 2 cents. Revenue fell 8.8% year over year to $469.2 million for the quarter, below the $489.53 million that analysts expected for the quarter.

AAR lowered its full year guidance, saying it now expects EPS of $1.65 to $1.75 a share for the year, down from previous estimates of $1.80 to $1.90 a share. The company expects revenue of $2 billion to $2.05 billion for the year, down from its previous range of $2.1 billion to $2.15 billion.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates AAR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AAR CORP (AIR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

You can view the full analysis from the report here: AIR Ratings Report

AIR Chart AIR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Trump Issues New Trade Threats, Apple, ZTE, GameStop - 5 Things You Must Know

Trump Issues New Trade Threats, Apple, ZTE, GameStop - 5 Things You Must Know

China-Focused Stocks Hit Hard as Beijing Responds to Trump Tariff Threats

China-Focused Stocks Hit Hard as Beijing Responds to Trump Tariff Threats

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI